Mediolanum International Funds Ltd Sells 25,083 Shares of EOG Resources, Inc. $EOG

Mediolanum International Funds Ltd decreased its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 25.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 72,328 shares of the energy exploration company’s stock after selling 25,083 shares during the period. Mediolanum International Funds Ltd’s holdings in EOG Resources were worth $10,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of EOG. Acumen Wealth Advisors LLC acquired a new position in shares of EOG Resources during the 4th quarter worth approximately $25,000. SJS Investment Consulting Inc. raised its position in shares of EOG Resources by 225.5% in the first quarter. SJS Investment Consulting Inc. now owns 179 shares of the energy exploration company’s stock valued at $26,000 after buying an additional 124 shares in the last quarter. Prosperity Bancshares Inc acquired a new stake in shares of EOG Resources in the fourth quarter valued at approximately $26,000. Nemes Rush Group LLC bought a new stake in shares of EOG Resources in the fourth quarter valued at approximately $30,000. Finally, Financial Life Planners bought a new stake in shares of EOG Resources in the first quarter valued at approximately $30,000. Institutional investors own 89.91% of the company’s stock.

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EOG Resources Stock Performance

NYSE EOG opened at $139.80 on Monday. The firm’s 50 day simple moving average is $135.91 and its 200 day simple moving average is $128.72. The firm has a market capitalization of $74.46 billion, a price-to-earnings ratio of 13.76 and a beta of 0.25. The company has a current ratio of 1.72, a quick ratio of 1.53 and a debt-to-equity ratio of 0.26. EOG Resources, Inc. has a 1 year low of $101.59 and a 1 year high of $151.87.

EOG Resources (NYSE:EOG – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The energy exploration company reported $3.41 EPS for the quarter, beating the consensus estimate of $3.23 by $0.18. EOG Resources had a net margin of 23.01% and a return on equity of 19.25%. The business had revenue of $6.92 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period in the previous year, the business earned $2.87 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. As a group, research analysts expect that EOG Resources, Inc. will post 16.19 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $1.02 dividend. The ex-dividend date is Friday, July 17th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio (DPR) is presently 40.16%.

Analysts Set New Price Targets

A number of equities analysts have commented on EOG shares. Truist Financial lowered their price objective on EOG Resources from $149.00 to $134.00 and set a “hold” rating on the stock in a research note on Wednesday, July 1st. DA Davidson upped their target price on EOG Resources from $148.00 to $153.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Roth Capital reissued a “neutral” rating and set a $136.00 target price on shares of EOG Resources in a report on Wednesday, May 6th. JPMorgan Chase & Co. decreased their price target on EOG Resources from $148.00 to $142.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 30th. Finally, Sanford C. Bernstein dropped their price target on EOG Resources from $167.00 to $155.00 and set a “market perform” rating for the company in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $155.04.

Read Our Latest Analysis on EOG

About EOG Resources

(Free Report)

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.

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